The Philippines is a crucial country in Southeast Asia consisting of over 7,000 islands. With a population of over 110 million people, the Philippines is the 13th most populous country in the world. The economy consists of a mix of agriculture, electronics manufacturing, business process outsourcing and remittances from overseas Filipino workers. The Philippines has a developing economy and is one of the emerging markets in Asia.
The Philippines is a major exporter of electronic products, machinery and transportation equipment, wood products, garments and copper products. Major trading partners include Japan, China, the United States, Singapore, South Korea, Thailand, Germany, Hong Kong and Malaysia. The Philippines is also a major exporter of agricultural products such as coconut oil, bananas, pineapples and mangoes.
The Intellectual Property Law of the Philippines, Republic Act No. 8293 (1997), regulates the registration of patents in the country. The Intellectual Property Office of the Philippines (IPOPHL) is the government agency responsible for the administration and enforcement of intellectual property rights. To be patentable, an invention must be a technical solution, involve an inventive step and be susceptible of industrial application. The Philippines is a member of the World Trade Organization (WTO) and the ASEAN Free Trade Area (AFTA), which has helped promote trade and investment in the country.
An invention patent is a government-issued grant, bestowing an exclusive right to an inventor over a product or process that provides any technical solution to a problem in any field of human activity. The Intellectual Property Code of the Philippines sets three conditions for an invention to be deemed patentable: